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big tech firms urge us to challenge australian media laws on trade grounds
Big tech companies, including Apple, Meta, and Google, have formally complained to the Trump administration about Australia's media laws, labeling them as "coercive and discriminatory." They argue that the News Media Bargaining Incentive imposes unfair taxes on U.S. digital firms, costing them an estimated $140 million annually. The proposed requirements for U.S. online video providers to fund Australian content could further jeopardize their revenue in a market worth $2.3 billion.
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